News

Wonga drive-in a going concern

Gary King at his beloved Wonga Drive In.
Gary King at his beloved Wonga Drive In. Craig Warhurst

WONGA Drive-in owner Gary King is hopeful the dream business he built up and very nearly had paid off will be sold as a going concern.

Mr King spoke to The Gympie Times yesterday and confirmed he had declared bankruptcy but emphasised it had nothing to do with the performance of the drive-in.

“I had no choice … it certainly wasn’t the performance of the drive-in, it was performing quite well,” Mr King said.

He said it was the debt owed on the Sovereign Cinema that had been the final straw.

“The Sovereign Cinema debt killed us… that wasn’t all the problems – the low attendance and then the bank wouldn’t help us in any way.

“We spent over $300,000 renovating the cinema and the bank sold off the assets for $50,000.”

Despite figures showing an upward trend initially, the cinema was hit hard by the brunt of last year’s recession.

“Unfortunately the recession happened when we finished the renovation … the budget did blow out (but) no-one had spent anything on the cinema in 17 years.”

He said the attitude of the bank was completely unhelpful to him trading his way through.

“I tried to do the right thing by Gympie but it didn’t go my way.”

The drive-in continued to prove popular but he said that in the end it was subsidising the cinema.

“I desperately didn’t want to have the drive in closed … once I declared bankruptcy it was in the hands of the bank.”

Mr King said he appreciated the support the Wonga Drive-in received from patrons.

“People were really supporting the drive-in and it was helping us. Now I’ve lost everything.”

He said someone was looking at buying the drive-in as a going concern.

“There is one person who is interested in it. I’m hoping it will be sold as a going concern. Everything is there to start operating it again.”

Gympie Times



'Better' experience for Capelli Foods catering

Cappelli Foods' Jett Vogels (left) and Michael Hehir took a moment amidst a busy schedule to catch up with Better Homes and Gardens host Johanna Griggs (centre) at their recent shoot in Maroochydore.

Capelli Foods catered to the crew of Better Homes and Gardens

WHAT'S ON: Things to do this weekend around Gympie

The perfect day for anyone who is obsessed with Dinosaurs. A realistic interactive T-Rex will be there to meet! Plus lots more fun!

Dinosaurs, motocross, live music and markets

Who's meeting where around the Gympie region

NOW HEAR THIS: What's on around Gympie region over the next few days.

What's on around Gympie region

Latest deals and offers

Rob Kardashian 'neglected' by Blac Chyna

Friends say they are now 'back in love'

Isla Fisher: I don't like talking about my private life

Isla Fisher shut down TV hosts when they asked about her husband

Mariah Carey: I 'can't believe' Prince has gone

'Prince was one of the best people I've met'

Joe Jonas' 'tough' pals

Joe Jonas' pals are 'tough' with his potential partners

The Bachelor wash up: bacon, plank offs and that white rose

Richie Strahan, second from left, with bachelorettes Eliza, Faith, Noni and Janey in a scene from episode one of the fourth season of The Bachelor.

RICHIE Strahan meets some beautiful, and colourful, bachelorettes.

Is Gympie having a building boom?

There is plenty of building activity happening around the Gympie region.

New home approvals for Gympie region double

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley